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Nordic Perspectives on Transboundary Climate Risk- a policy brief of the Nordic Council of Ministers
A policy brief and a study ‘Nordic Perspectives on Transboundary Climate Risk’ of the Nordic Council of Ministers show how floods and forest fires and other climate change impacts cascade over borders, resulting for example in higher prices or disturbances in supplies of food commodities. The report makes recommendations on how Nordics can better address those risks together.
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Financing Climate Adaptation: Sustainable investments in adaptation are harmonised in a European Union taxonomy
Sustainable investments in adaptation are harmonised in a European Union taxonomy that needs to cover more economic activities over time and is globally applicable. Via investments that are labelled sustainable, the financial sector can promote and support adaptation measures to reduce physical climate risks. Residual risks can be transferred via insurance mechanisms.
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Europe is not prepared for rapidly growing climate risks, EEA report finds
Europe is the fastest warming continent in the world, and climate risks are threatening its energy and food security, ecosystems, infrastructure, water resources, financial stability, and people’s health. According to the first European Climate Risk Assessment (EUCRA) on behalf of the European Environment Agency’s (EEA), many of these risks have already reached critical levels and could become catastrophic without urgent and decisive action.
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